COGNICURRENT

A subsidiary of China Resources has purchased a Hong Kong hotel to convert it into student housing as demand for non-local student accommodation surges.

A logistics center in Tarnów, Poland, has been acquired by Hungarian company Appeninn Plc through its Polish subsidiary.

The interim CEO of Coupang's Korean subsidiary testified before the US House Judiciary Committee regarding allegations of discrimination against US companies by the Korean government.

Telefónica has won a significant legal battle in Mexico, nullifying a tax debt and allowing the sale of its subsidiary.

Frederic Van Heems has been appointed president of Keolis, the public transport subsidiary of SNCF, starting March 16.

Deutsche Telekom announced an increase in fiber optic connections to single-family homes as part of its latest earnings presentation, showcasing significant growth driven by its US subsidiary.

The Hellenic Hydrocarbon Management Company has issued a CO2 storage license in Prinos to Energean's subsidiary, EnEarth Greece, confirming the site's geological suitability.

Keiichi Izumiya, a former department head at Kobe Steel's subsidiary, was arrested for allegedly embezzling about 115 million yen by creating false invoices and using the funds for gambling.

Ecopek, a subsidiary of the Mexican group Alpek Polyester, announced the closure of its recycling plant in Pacheco, Argentina, due to low demand and expectations for recovery without regulatory support.

OPAP has spun off its gaming division into a new subsidiary, which has been renamed OPAP Holdings.

The Estonian real estate developer Endover's subsidiary, Volta SKAI OÜ, has launched a public offering of mortgage bonds with a base amount of 3.5 million euros.

Itochu Corporation has announced that it will fully acquire its subsidiary, Itochu Foods, through a stock purchase offer to enhance efficiency amid rising logistical costs in the food industry.

Libra Group sells its aircraft leasing subsidiary LCI to Sumitomo Mitsui Finance and Leasing for full ownership transfer after previously acquiring a 35% stake.

Kyodo News' subsidiary has been found in violation of freelance laws for not disclosing transaction conditions to freelance journalists and photographers, prompting a recommendation from the Fair Trade Commission for preventing future occurrences.

The Panamanian government has taken control of two ports at the entrances of the Panama Canal, canceling concessions held by a subsidiary of CK Hutchison, and temporarily transferring operations to major shipping companies A.P. Moller-Maersk and Mediterranean Shipping.

The city service company "München Ticket" is reportedly on the brink of insolvency, with a decision needed from the city council before the upcoming local elections.

Enel has announced a 23% increase in its investments, amounting to 53 billion euros, as part of its revised strategic plan for 2026-2028, with significant funds allocated to electrical networks and its Spanish subsidiary, Endesa.

Tallink's Finnish subsidiary, Tallink Silja, will begin layoff negotiations affecting a total of 26 employees next week.

According to Yle, Järvisydän, which is undergoing corporate restructuring, has guaranteed 32 million euros in loans for its subsidiary Lomakylä Järvisydän and its associated business Kuru Resort from the Multitude Bank registered in Malta.

Amazon has officially surpassed Walmart as the world's largest company by sales, driven by the growth of its tech subsidiary AWS.

Renaissance Capital has successfully acquired Citibank's Russian subsidiary, now set to operate as AO RenCap Bank.

The EEOC has sued a Coca-Cola subsidiary for gender discrimination over a women-only networking event.

Carrefour has temporarily halted the sale of its Argentine subsidiary but remains in negotiations with two interested parties.

Bayer's shares plummeted 7.3% following the announcement that its subsidiary Monsanto proposed a $7.25 billion settlement to resolve thousands of lawsuits in the U.S. linking the herbicide Roundup to cancer.

Bayer's subsidiary Monsanto has proposed a $7.25 billion settlement to resolve numerous lawsuits in the U.S. alleging that its herbicide Roundup causes cancer.

Finnish TVO Nuclear Services has signed a framework agreement to advise Fermi Energia on its plan to establish a small modular reactor nuclear power plant in Estonia.

A residential explosion in Sapporo resulted in one woman's death, revealing that a subsidiary of Hokkaido Gas had ignored safety suggestions from an inspector four years prior.

Bespoke SGA Holdings has completed the acquisition of a 70% stake in 3P SALADS from its subsidiary Ambrosia, following approval from the Hellenic Competition Commission.

Waymo, a subsidiary of Alphabet, has introduced a new generation of self-driving taxis capable of operating in severe weather conditions, starting in San Francisco and Los Angeles.

Chinese company ByteDance is in advanced negotiations to sell its gaming subsidiary, Shanghai Moonton Technology, to the Saudi gaming group Savvy for a deal valued between $6 billion to $7 billion.

A Bologna court has granted subsidiary protection to a Bangladeshi man, blocking his expulsion and highlighting a significant conflict between the judiciary and the Italian government's immigration policies.

The Dutch prosecution has fined Louis Vuitton's subsidiary in the Netherlands 500,000 euros for failing to adequately apply measures to prevent money laundering in its stores.

YPF and ENI have partnered with XRG, a subsidiary of ADNOC, to boost LNG exports from Argentina, targeting substantial investment with JP Morgan.

Yoo Hyuk-gi, the son of the late Yoo Byung-eun, has been sentenced to five years in prison for embezzling 25.4 billion won from a subsidiary of the family business.

Carrefour has sold its Romanian subsidiary to Paval Holding for 823 million euros as part of a strategy to focus on its core markets in France, Spain, and Brazil.

Transavia, the low-cost subsidiary of Air France KLM, is taking over the route between Orly and Nice, previously serviced by Air France, to provide competitive prices and services for regular travelers.

RGM Materials Solutions has invested N2 billion in Tantalizers' entertainment subsidiary, Tantainment Limited, which aims to launch a live game show in 2026.

Repsol, in consortium with Hungarian MOL and Turkish TPOC, has won a bidding round for oil and gas exploration blocks in Libya, marking its first bid in nearly two decades while also looking to attract investors to maximize its subsidiary's value.

The Spanish Government is inclined to position Escribano Mechanical & Engineering (EM&E) as a subsidiary of Indra rather than accepting a merger that would significantly increase its shareholder weight.

Spanish telecommunications company Telefónica, represented in Brazil by the Vivo brand, has announced the sale of its Chilean subsidiary for $1.21 billion, marking a significant step in its exit from the Latin American market.

Tallinn Port and its subsidiary TS Laevad have filed a substantial damages claim against former executives and related parties, asserting that these claims are still valid despite a criminal case being dismissed due to statute of limitations.

Telefónica has agreed to sell its Chilean subsidiary in a deal potentially worth up to $1.375 billion, involving Milicom and NJJ Holding SAS.

Telefónica has sold its Chilean subsidiary to NJJ and Milicom as part of its strategy to divest from Latin America and focus on core markets.

Lufthansa has established a new base for its short-haul subsidiary City Airlines in Frankfurt, increasing its flight connections and hiring new staff.

Optima bank and its subsidiary, Optima asset management, received prestigious awards at the MONEY Business Awards, reflecting their outstanding performance.

The parent company of furniture chains Askon and Sotka, Indoor Group, along with its subsidiary Insofa, has filed for bankruptcy, leading to an uncertain future for employees and potential layoffs.

The SNCF has been ordered to pay 270 million euros to Auchan's real estate subsidiary for unilaterally canceling the contract to renovate Gare du Nord.

Tallinna Sadam and its subsidiary TS Laevad are seeking over 8.4 million euros in damages from former board members and various parties in civil proceedings.

Coupang's logistics subsidiary has agreed to cover the social insurance fees for delivery drivers, changing its previous stance.

The retail chain Stockmann achieved a profitable result last year after many years of losses, while its subsidiary Lindex also saw a sales increase but a decrease in profit due to rising depreciation costs.